Global

March 19, 2019 @ 10:06 pm By JD Alois  |  

Online lender Prospa has reported that loan originations have surpassed $1 billion. Prospa has now delivered the loans to over 19,000 Australian and New Zealand small businesses. The Fintech has also shared its top-level financial numbers. For the year ended 31 December, 2018 loan originations… Read More

March 19, 2019 @ 7:12 pm By JD Alois  |  

CipherTrace is a cryptocurrency cyber assurance and compliance firm that has recently formed some interesting partnerships. In February, CipherTrace was backed by $15 million in venture funding to help fulfill its mission on crypto security. In January, CipherTrace published a report on the global cryptocurrency… Read More

March 19, 2019 @ 7:28 am By JD Alois  |  

Investment crowdfunding platform FundedByMe has added Stripe to its platform to more easily facilitate smaller transactions. The recently listed company said in a release: This to solve the complexity of the numerous smaller transactions in equity crowdfunding. During 2018 the smallest investment on the platform… Read More

March 19, 2019 @ 6:03 am By Erin Hobey  |  

Finally, it’s vacation! There’s nothing worse that enjoying a beautiful drive and when, all of a sudden, you see bright, blicking lights in your rear view mirror.  Or when you’re already lost, going around the town square for the tenth time and you see those… Read More

March 19, 2019 @ 5:27 am By Erin Hobey  |  

Yesterday IBM (NYSE: IBM)  introduced Blockchain World Wire, a real-time global payments network for regulated financial institutions accessible to more than 50 countries. Designed to optimize and accelerate foreign exchange, cross border payments and remittances, Blockchain World Wire claimants to be the first blockchain network… Read More

March 18, 2019 @ 11:13 pm By Cali Haan  |  

A judge presiding over a district court in Tel Aviv has ruled that a branch of Union Bank in the Herzliya industrial district acted unreasonably when it closed accounts belonging to IsraMiner, a division of the Ukrainian cryptomining company Yashraminer, Calcalist reports. Judge Limor Bibi,… Read More

March 18, 2019 @ 10:50 pm By JD Alois  |  

InstaReM, a payments platform operating in over 50 countries, has closed on a USD $ 41 million Series C funding round led by Vertex Growth Fund, their first investment in Southeast Asia. James Lee, MD of Vertex Growth Fund, will be joining the Board of… Read More

March 18, 2019 @ 10:54 am By JD Alois  |  

Bitbond, an online lending platform, has launched one of Germany’s first Security Token Offerings (STO). The Bitbond STO has published a BaFin approved Prospectus in conjunction with the offering representing an important step in the validation of the emerging digital asset ecosystem. The Bitbond STO… Read More

March 18, 2019 @ 8:18 am By JD Alois  |  

Peer-to-peer property lender CrowdProperty has launched an equity crowdfunding offer on Seedrs. The campaign has quickly topped the minimum target of £600,000 for a 3.68% equity stake in the platform. CrowdProperty has a pre-money valuation of £15.7 million. In 2017, CrowdProperty listed a pre-Series A… Read More

March 18, 2019 @ 8:13 am By Samantha Hurst  |  

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Monday it has been acquired by FIS (NYSE: FIS), a financial services technology firm. FIS reportedly purchased the payment processor for $35 billion. Founded in 1993, WorldPay claims to be a “global leader” in payments… Read More

March 18, 2019 @ 7:31 am By JD Alois  |  

The Basel Committee on Banking Supervision (BCBS) has issued a statement on “crypto-assets” indicating their concern that new financial products related to crypto have the potential to increase the risks to banks who engage in digital or crypto assets. The BCBS was established by central… Read More

March 17, 2019 @ 11:24 pm By JD Alois  |  

Recognizing that most startups fail, Switzerland-based crowdfunding platform Bloomio says they are boosting their diligence and addressing “the biases that accompany in-house assessments of profits,” for companies raising capital on their platform. Bloomio reports they are working with a panel of “external, experts across 13… Read More

March 17, 2019 @ 1:45 pm By Martin Baker  |  

George Joyner has Puerto Rico in his blood. The Commissioner of the Office of Financial Institutions is a veteran player who has spent his whole career in the fast-growing banking and, latterly, FinTech industry in the US territory of Puerto Rico, with the exception of… Read More

March 16, 2019 @ 10:24 am By Xu Gao  |  

AI Startup Tigerobo Receives $33 Million in Series A Financing Early this week, intelligent financial search engine Tigerobo announced the completion of $33 million Series A financing, which was funded by PAC, CreditEase New Finance Industry Investment Fund and Gaorong Capital. Chen Bo, founder and… Read More

March 15, 2019 @ 5:53 pm By Cali Haan  |  

The disgraced former CEO of the Mt Gox bitcoin exchange, Mark Karpeles, has defeated overwhelming odds by being found not guilty of all but one charge leveled against him by Japan prosecutors, who typically enjoy a 99% conviction rate. The charges, which, according to CNN,… Read More

March 15, 2019 @ 7:49 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published a set of adjustments regarding their policy for their Fintech License and Sandbox structure. In June of 2018, the Swiss parliament introduced a new licensing category for Fintech companies. The following August FINMA launched a consultation… Read More

March 15, 2019 @ 7:05 am By JD Alois  |  

HealthNet Global (HNG), part of the Apollo Hospitals Group, India and Zebra Medical Vision, an AI Imaging software company, have announced a new collaboration that will focus on validating and deploying AI-based tools at scale across India. The Apollo Hospitals Group is Asia’s largest and… Read More

March 14, 2019 @ 5:43 pm By JD Alois  |  

Last week, a committee at the Israel Securities Authority (ISA) investigating the applicability of regulation pertaining to initial coin offerings (ICOs) and digital assets submitted their final report. The Committee was first established in August of 2017 during the height of the ICO boom. The… Read More

March 14, 2019 @ 1:56 pm By Samantha Hurst  |  

Waves Platform, a global fintech startup, announced on Thursday it raised $120 million through its recent private funding round for its new enterprise blockchain solution. Founded in 2016, Waves revealed it is developing tools for building the decentralized technology layer that will become the backbone… Read More

March 14, 2019 @ 1:17 pm By Erin Hobey  |  

The Interchain Foundation, a Swiss non-profit foundation supporting research and development for secure and scalable open-source software, has launched Cosmos Network, a decentralized network of independent, scalable and interoperable blockchains. The Foundation views the Cosmos Network as the next step in the evolution of blockchain… Read More